Samsung announces third-quarter operating profit of $9.4 billion trillion

Phoenix Technology News Beijing Time October 4, according to the Wall Street Journal reported that local time this Friday, Samsung electronic release to September 30, the third quarter of the results of guidance. Performance guidance shows that the third quarter of Samsung Electronics total revenue reached 59 trillion won (about 53.9 billion U.S. dollars), operating profit of nearly 10.1 trillion won (about 9.4 billion U.S. dollars) high innovation. But as the global smartphone market becomes saturated, corporate earnings growth is slowing. Samsung expects operating profits in the third quarter to reach 9.9 trillion to 10.3 trillion won (9.2 billion to 9.6 billion US dollars), up 8.06 trillion to 22.8% from the same period last year, which will also refresh the 27.8% won record in the quarter. But that figure is down from a year-on-year increase of 47.5% in the second quarter. Samsung expects sales in the third quarter to be between 58 trillion won and 60 trillion won, up 11% to 15% from last year's 52.18 trillion won, and two-thirds of Samsung's operating profits from mobile. Samsung and Apple have maintained a duopoly in the high-end smartphone market, but competition has intensified. Also in Friday, HTC, which was a big fan of the US Android smartphone market, announced quarterly losses, while the flagship mobile phone HTC One was positively rated but still sold weak. Analysts expect Samsung handsets to ship between 85 million and 89 million in the third quarter. Samsung accounted for 33.1% of global market share in the second quarter, and Apple ranked second in 13.6%. At the end of this month, Samsung will unveil its financial results and will detail the operations of the four business sectors, mobile, consumer electronics, chips and monitors. (Compiling/twilight into Snow)